OnChainDetective

[Coin World] QCP released today's analysis stating, "Although Israel resumed limited airstrikes a few hours after the temporary ceasefire, the financial markets were hardly affected by the fluctuation. The market not only did not exhibit a 'safe-haven mode,' but instead fully shifted towards 'risk appetite'—the Nasdaq 100 index hit an all-time high, and the S&P 500 index is also less than 1% away from its historical closing high in February 2020. Meanwhile, oil prices have completely retraced to levels before the outbreak of the conflict, further boosting the shift in market sentiment.
Among the S&P 500 components, a trading platform surged 12% on Tuesday, closing at $344.94, marking its highest level in over six months. On the other hand, institutional interest in Bitcoin continues to heat up. The ProCap Fund has drawn market attention as it recently purchased $386 million worth of Bitcoin. This is part of its strategy to use Bitcoin as "corporate treasury reserves.

[Chain News] PANews June 25 - Li Bo, Vice President of the International Monetary Fund (IMF), stated at the Summer Davos Forum in 2025 that the development of stablecoins presents both opportunities and challenges. The core challenge lies in how to implement effective regulation on stablecoins. Currently, there have been many practical explorations and regulatory attempts regarding stablecoins globally, but this is just the beginning, and many issues remain to be addressed, requiring more Consensus to be reached globally.

On June 25, Web3 market maker and investment institution DWF Labs renewed its strategic cooperation agreement with the Dubai Multi Commodities Centre (DMCC) to accelerate blockchain innovation in the Middle East and North Africa.
So far, DWF Labs has invested seven-figure funds in companies established in the DMCC crypto center, providing capital and strategic support to multiple entrepreneurs in the Web3 space.

In the recent 4-hour Candlestick, the price has risen significantly compared to 16:00:00 on 06-24-2025, but has decreased compared to 20:00:00 on 06-23-2025. It formed a shooting star, and the last Candlestick is a Bearish line. The Closing Price is lower than the Opening Price. The current changes in price and volume: the recent volume has decreased, volume has decreased compared to the previous hours, price has risen, and volume is decreasing, indicating a weakening of the upward momentum.

【Block Dynamics】On June 25th, NEAR Protocol officially announced that the community has proposed to reduce the annual inflation rate of NEAR Token from 5% to 2.5%, and plans to flexibly adjust it in the future.
This vote will end in one of the following two cases:
1. More than 2/3 of the staked amount voted "for";
2. Reach the deadline (8:00, August 1, 2025, UTC+8).

On June 25, according to data monitoring on the platform, the Trump encryption project WLFI spent $1 million to purchase 5.98 million SEI. With the rise of SEI, these assets are currently worth $1.8 million, resulting in unrealized gains of $800,000.

On June 25th, there was news of long wick candle responding to today's media report on 'Trump has approved the pardon of Zhao Changpeng' rumor, Zhao Changpeng's team responded: 'This is false news, any progress will be synchronized with everyone for the first time.'

According to data from the platform, since Israel's attack on Iran, Stable Coin issuance merchants have frozen 112 Wallet Addresses on TRON and Ethereum Blockchains. These Wallet Addresses received a total of approximately 700 million USDT before being frozen. The top 40 Wallet Addresses are all located on TRON's on-chain Blocks. The analysis points out that Iran's exchanges mainly use USDT on TRON.

In the recent 4-hour Candlestick chart, the price has risen compared to 08:00:00 on 23rd June 2025, and fallen compared to 20:00:00 on 23rd June 2025. There is a large green candle, and the last Candlestick is a Bullish line with the Closing Price higher than the Opening Price. The recent Candlestick shows a decrease in volume: the recent volume has decreased compared to the previous hours. The price has risen, but the momentum of the rise has weakened as the volume decreases.

According to local news media in South Korea on June 25, eight major banks in South Korea are preparing to establish a joint venture company to issuance a Korean won Stable Coin. The participating banks include Kookmin Bank, Shinhan Bank, Woori Bank, Nonghyup Bank, Industrial Bank of Korea, Suhyup Bank, Citibank Korea Branch, and Standard Chartered Korea Branch. The project is a collaboration between banks, the Open Blockchain and Decentralization Identifier Association, and the Korea Financial Telecommunications and Clearings Institute.
Currently, the relevant parties are still discussing the common infrastructure. If permitted by the regulators, the joint venture is expected to be officially launched at the end of this year or the beginning of next year. The project team is currently considering two stablecoin issuance models, one is the trust model, first independently trust customer funds before the issuance of Stable Coin; the other is the deposit-backed coin model, linking Stable Coin to bank deposits.

PANews reported on June 25th that the Near community proposed to "improve the NEAR Token economy through dropInflation", intending to reduce the maximum inflation rate from 5% to 2.5%, with the flexibility for future adjustments. If the transaction fees burned are about 0.1%, the actual inflation rate will drop to 2.4%, and dropstake returns may incentivize Tokenholders to participate in Decentralized Finance. The proposal points out that the current fixed annual inflation rate of 5% for NEAR is causing an increase in circulating Tokens and dilution of equity, leading to Token depreciation due to the low transaction fee burn.
However, the current support rate for the proposal is only 7.42%, with 36 days and 22 hours left until the vote ends. Opponents argue that reducing validator incentives by 50% will make validator nodes unprofitable, leading to a decrease in the number of validators and stakeholders. They also do not believe that there is a strong correlation between the inflation rate and price performance.

【Block Pulse】On June 25th, according to platform data, today's Cryptocurrency Fear and Greed Index rose to 66 (yesterday was 65), and the market returned to a "greedy" state. The average index last week was 52.
Note: The panic index threshold is 0-100, including indicators: volatility (25%) + market trading volume (25%) + social media heat (15%) + market surveys (15%) + the proportion of Bitcoin in the entire market (10%) + Google hot word analysis (10%).

The Messari researcher in the 【coin realm】 believes that Bitcoin Layer2 has three opportunities: Bitcoin itself cannot provide Smart Contract functionality or other functions provided by L2, which is different from Ethereum; There are no entrenched existing leaders in the Bitcoin ecosystem, and as an indicator of the degree to bridge BTC, no single holder holds more than about 30% of the total supply, with the majority holding far less than 10%, making it easy for newcomers to compete; BTC as an encryption asset has the strongest economic foundation. With a certain platform already shifting towards Bitcoin, the researcher expects more Ethereum Layer2 projects to 'jump ship' to the Bitcoin ecosystem in the future.

【coin界】According to the data panel, Arbitrum protocol generated $1.43 million in revenue last week, up 23% compared to the previous period. Among them, GMX was $550,000, Ostium was $225,000, Gains Network was $120,000, Pendle was $85,000, and a certain DEX was $82,000. It is worth mentioning that Ostium's revenue surged by 120% last week, possibly benefiting from Arbitrum RWA reaching a historical high of $300 million.

NYSE Arca has submitted an application to the U.S. SEC to list and trade the Truth Social Bit and Etherum ETF on its market, involving relevant rules of the 1934 Securities Exchange Act.

【coin界】A certain trading platform will be upgraded at 7 am Pacific Time on Saturday, July 19, 2025, and is expected to last for 3 hours. During the upgrade, basic and advanced trading, deposit, withdrawal, transfers, and the use of platform payment cards will be affected, but users can still log in to their accounts. The official reminder time is an estimated value, which may be adjusted, and relevant updates will be announced through official channels and status pages.

【Chain News】According to on-chain data from PANews, a certain asset management company withdrew 6,961 ETH (approximately $16.92 million) and 4,224 ETH (approximately $10.28 million) as well as 12.675 BTC (approximately $1.34 million) from a certain trading platform through its ETHSpotETF (ETHA) and BTCSpotETF (IBIT) accounts in the past hour. A total of 11,185 ETH coins were withdrawn in total.